GERTINA
ActiveSummary
GERTINA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €86k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 34% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+32
Solvency40▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.37 in 2024; short-term debt: 82.8% and cash: 0.6% of total assets), and 85.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.9%
Return on assets
5.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€251k=
2024 · €251k
2018: €274k
2019: €97k
2020: €152k
2021: €251k
2022: €251k
2023: €251k
2024: €251k
2018 → 2025
Total assets
€1.68M▲ 8.9%
2024 · €1.54M
2018: €2.09M
2019: €1.75M
2020: €1.68M
2021: €1.63M
2022: €1.64M
2023: €1.58M
2024: €1.54M
2018 → 2025
Net result
€86k▲ 38.6%
2024 · €62k
2018: €6k
2019: €64k
2020: €55k
2021: €99k
2022: €110k
2023: €103k
2024: €62k
2018 → 2025
Working capital
€-897k▼ 12.9%
2024 · €-794k
2018: €-762k
2019: €-912k
2020: €-815k
2021: €-736k
2022: €-770k
2023: €-813k
2024: €-794k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€251k=€251k=€251k=€251k=
Operating result€147k-€162k▲ 9.8%€164k▲ 1.7%€140k▼ 15.1%€140k▲ 0.5%
Net result€99k-€110k▲ 11.5%€103k▼ 6.4%€62k▼ 39.8%€86k▲ 38.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.18M ▲ 9.6%
Current assets
€496k ▲ 7.3%
Equity and liabilities €1.68M
Equity
€251k =
Debt
€1.43M ▲ 10.6%
Debt's share of the balance-sheet total rises from 83.7% to 85.1%. Debt is higher.
Key figures and ratios
EBITDA
€150k▲
2024 · €142k
Cash flow
€96k▲
2024 · €65k
Current ratio
0.36▼
2024 · 0.37
Debt to equity
5.70▲
2024 · 5.15
ROE
34.3%▲
2024 · 24.7%
ROA
5.1%▲
2024 · 4.0%
Interest coverage
6.24▲
2024 · 2.34
Debt ≤ 1 year
€1.39M▲
2024 · €1.26M
Income taxes
€32k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.68M▲
Fixed assets21/28€1.08M€1.18M▲
Tangible fixed assets22/27€1.08M€1.18M▲
Land and buildings22€1.08M€1.09M▲
Plant, machinery and equipment23-€73k
Furniture and vehicles24-€24k
Current assets29/58€462k€496k▲
Amounts receivable after more than one year29€445k€435k▼
Other amounts receivable291€445k€435k▼
Amounts receivable within one year40/41€4k€46k▲
Trade receivables40€3k€25k▲
Other amounts receivable41€1k€21k▲
Cash at bank and in hand54/58€1k€10k▲
Deferred charges and accrued income490/1€12k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.68M▲
Equity10/15€251k€251k=
Contributions10/11€62k€62k=
Reserves13€189k€189k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€183k€183k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.29M€1.43M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.26M€1.39M▲
Current portion of amounts payable after more than one year42€9k€20k▲
Financial debts43€294k€344k▲
Credit institutions430/8€294k€344k▲
Trade debts44€28k€67k▲
Suppliers440/4€28k€67k▲
Taxes, remuneration and social security45€27k€46k▲
Taxes450/3€27k€46k▲
Other amounts payable47/48€899k€915k▲
Accrued charges and deferred income492/3€36k€37k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€148k€157k▲
Operating profit (loss)9901€140k€140k▲
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€61k€24k▼
Recurring financial charges65€61k€24k▼
Profit (loss) for the period before taxes9903€86k€118k▲
Income taxes67/77€24k€32k▲
Profit (loss) for the period9904€62k€86k▲
Profit (loss) for the period to be appropriated9905€62k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€86k▲
Profit to be distributed694/7€62k€86k▲
Return on contributions (dividend)694€62k€86k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €110k ▲11.5%
Net result €110k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €251k ▲64.8%
4 profitable years in a row build equity to €251k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €152k ▲56.8%
3 profitable years in a row build equity to €152k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jozef Mulslaan 112950 KapellenGround area
3,913 m²
Building footprint
251 m²
Volume, LiDAR
1,867 m³
Parcel 11902H0022/00A003, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERTINA
since 20022.101.677.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902H0022/00A003 | Flanders | 3,913 m² | 1 · 251 m² | 15.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BRASSCHAATS IMMO & METROPOOL IMMO
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BeSt Projects
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded01-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.